Description

"GLA – London Barking Riverside Area Development – UK - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

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Summary

The Greater London Authority (GLA) is planning to undertake the London Riverside Opportunity Area Regeneration project in London, the UK.

The project involves the construction of up to 26,500 new homes on a 3,000ha area. The project will include the potential extension of the Gospel Oak London Overground line, a new railway station at Beam Park, improvements to the A13 and new river crossings, and 1·5 km of new alignment.

The 4.5km extension of the Gospel Oak to Barking Line is expected to cost US$343 million.

It also includes the conversion of strategic industrial land at Thames Road in Creekmouth to residential use and construction of new district centers at Barking Riverside, Beam Park, and Chequers Corner.

The development will comprising the construction of schools, commercial areas, retail and related facilities.

The Beam Park district centre will be developed on a 29ha site and will comprise 10,800 new homes, shops and restaurants, and new school and health services and a new railway station.

In February 2015, public consultation process on the project has been initiated.

In January 2016, Countryside Properties (UK) and London & Quadrant Housing Trust (L&Q) were selected as developers for the regeneration of Beam Park, to build 3,000 homes, a train station on the C2C line and community facilities on the 29ha site alongside the River Beam.

The project is part-funded by TfL’s US$471 million growth fund. For the Barking Riverside extension, the US$344 million cost is being supported by the developers, Barking Riverside Limited, a joint venture between the Greater London Authority (GLA) (49%) and London & Quadrant (51%), who are providing US$225 million of funding. The remainder is being provided by TfL.

Countryside Properties and L&Q are planning to submit a planning application in 2016.

Barton Willmore Holdings Limited has been appointed as the planning consultant.

In March 2016, TfL applied for a Transport & Works Act Order which will grant legal powers for the project.

In August 2016, TfL placed a notice for the expressions of interest to construct a 4.5km extension of the Gospel Oak – Barking line to the Barking Riverside.

Barking Riverside Limited is expected to provide US$224 million for the extension of the Gospel Oak to Barking Line.

On August 8, 2017, GLA secured planning approvals for the 4.5km extension of the Gospel Oak to Barking Line.

The contract to construct the railway is expected to be awarded in the second quarter of 2018.

Network Rail is currently electrifying the Gospel Oak to Barking route. However, works have been delayed from June 2017 to until January 2018.

Construction on the Gospel Oak to Barking line is expected to commence in the third quarter of 2018 with train services commencing in the fourth quarter of 2021. The entire project will take around 20 years to complete.

Scope

The London Riverside Opportunity Area Regeneration project involves the construction of up to 26,500 new homes in London, the UK.